That number of 12.7 million detached homes currently in the single-family rental market comprise about 29 percent of the demand for rentals nationwide (out of 44.3 million), according to Burns.
Burns’ report notes that the single-family rental market has been “historically a mom and pop business,” noting RentRange reported that about 54 percent of landlords who own single-family rental homes own only one home.
Source: dsnews.com
Out of the estimated 44.3 million rental units in the United States approximately 12.7 million (29%) of these units are detached homes. The single-family rental market has been “historically a mom and pop business,” as RentRange reports that about 54% of landlords who own single-family rental homes own only one home.
In 2014, approximately 25,000 detached homes were built for rent with the number expected to increase in years to come. Several builders, including American Rental Properties, Starwood Waypoint, Lennar, and Rancho Sahuarita, who have expressed plans to build more single-family detached homes either to sell to investors or manage themselves.